Somewhat Favorable News Coverage Somewhat Unlikely to Affect Telenav (TNAV) Stock Price
News articles about Telenav (NASDAQ:TNAV) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Telenav earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.8152697119606 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
TNAV has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Telenav from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of Telenav in a report on Monday, October 30th. Finally, Craig Hallum set a $9.00 price objective on Telenav and gave the stock a “buy” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.25.
Shares of Telenav (NASDAQ:TNAV) opened at $5.50 on Friday. The stock has a market capitalization of $243.72, a PE ratio of -4.47 and a beta of 0.87. Telenav has a twelve month low of $4.50 and a twelve month high of $10.15.
Telenav (NASDAQ:TNAV) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.06). The business had revenue of $36.66 million during the quarter, compared to analyst estimates of $36.84 million. Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. Telenav’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.22) EPS. equities research analysts forecast that Telenav will post -1.4 earnings per share for the current year.
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TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.
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